Question
The following information is available for Mask, Inc. which produces special-order costume masks and uses a job order costing system. Overhead is applied using a
The following information is available for Mask, Inc. which produces special-order costume masks and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 150% of direct material costs.
Inventories | Beginning of period | End of Period |
Raw materials | $ ????? | $41,923 |
Work in process | $32,981 | $30,114 |
Finished goods | $27,008 | $31,452 |
Cost incurred during the period | |
Raw materials purchases | $421,825 |
Direct materials used | $393,190 |
Direct labor used | $401,420 |
Factory overhead (actual): |
|
Indirect materials used | $14,774 |
Indirect labor used | $29,055 |
Other actual overhead costs | $548,902 |
The beginning balance of the raw materials inventory account is:
Group of answer choices
$41,010
$28,062
$55,784
$43,409
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